Studend
February 19th, 2009 by Questions
I am considering bankruptcy. I am a university student with debt on my shoulders, currently in my second year of studies and I have two more years to go.
I want to file for personal bankruptcy, but I don`t know how that is going to affect my student loan from OSAP. Currently I don`t have to start payng it back until I have finished school. Thing is I don`t care if I get discharged on my student loan or not. I just need to know that I won`t have to start paying it back before I finish school. And, if I file for bankruptcy now, but need money from OSAP to pay for my 3rd and 4th year, will they give me the money? Thank you.
Posted from: Ontario
One Response to “Studend”
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.
February 20, 2009 at 9:39 am, Barton Goth - Goth & Company Inc. -Trustee in Bankruptcy said:
The best place to ask this question of is the Ontario Student Finance Board, but most student loan departments will continue to grant student loans irrespective of a bankruptcy if you have completed two years of studies and are continuing in the same degree program.
You are also correct to assume that the student loans would all survive a bankruptcy.